Bus 630 Week 4

Topics: The Quarter at Tropicana, Material, Inventory Pages: 5 (713 words) Published: July 16, 2012
Joel Rivera-Salvador
BUS 630: Managerial Accounting
Assignment Week 4
Prof. Aisha Meeks
May 7, 2012

(8-12)

|1) | | | | | | |Jessi Corporation | |Sales Budget | | |Quarter | | |1 |2 |3 |4 |Total | |Budgeted Unit Sales |12,000 |14,000 |13,000 |11,000 |50,000 | |Selling Price per Unit |× $18 |× $18 |× $18 |× $18 |× $18 | |Total Sales |$216,000 |$252,000 |$234,000 |$198,000 |$900,000 |

|Schedule of Cash Collections | | |Quarter | | |1 |2 |3 |4 |Total | |Accounts Receivable, Beginning |$70,200 | | | |$70,200 | |Quarter 1 Sales |$140,400 |$64,800 | | |$205,200 | |Quarter 2 Sales | |$163,800 |$75,600 | |$239,400 | |Quarter 3 Sales | | |$152,100 |$70,200 |$222,300 | |Quarter 4 Sales | | | |$128,700 |$128,700 | |Total Cash Collections |$210,600 |$228,600 |$227,700 |$198,900 |$865,800 |

Collections in the quarter of sales is 65%, therefore for the first quarter $216,000 × 65% = $140,400

In the quarter following the sale, collections are expected to be 30%, therefore $216,000 × 30% = $64,800

|2) | | | | | | |Jessi Corporation | |Production Budget | | |Quarter | | |1 |2 |3 |4 |Total | |Budgeted Units Sales |12,000 |14,000 |13,000 |11,000 |50,000 | |Add: Desired Ending Inventory |+2100 |+1950 |+1650 |+1850 |+1850 | |Total Units Needed |14,100 |15,950 |=14,650 |=12,850 |=51,850 | |Less: Beginning...
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